Kontoor Brands (KTB) Set to Announce Quarterly Earnings on Thursday

Kontoor Brands (NYSE:KTB) is scheduled to be announcing its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.25 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Kontoor Brands (NYSE:KTB) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.10. Kontoor Brands had a return on equity of 72.43% and a net margin of 9.35%. The company had revenue of $607.00 million during the quarter, compared to the consensus estimate of $592.97 million. During the same period in the previous year, the firm posted $0.77 EPS. Kontoor Brands’s revenue was down 1.5% on a year-over-year basis. On average, analysts expect Kontoor Brands to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Kontoor Brands Price Performance

KTB stock opened at $77.49 on Thursday. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 2.08 and a beta of 1.20. The company has a quick ratio of 1.43, a current ratio of 2.74 and a debt-to-equity ratio of 2.04. Kontoor Brands has a 52-week low of $39.90 and a 52-week high of $84.21. The stock’s fifty day simple moving average is $76.84 and its 200-day simple moving average is $70.28.

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, September 10th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 10th. This represents a $2.00 annualized dividend and a yield of 2.58%. Kontoor Brands’s dividend payout ratio (DPR) is presently 50.63%.

Analyst Upgrades and Downgrades

KTB has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Kontoor Brands from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. UBS Group upped their price objective on Kontoor Brands from $90.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company lifted their target price on Kontoor Brands from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday. Guggenheim upped their price target on Kontoor Brands from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus raised their price objective on Kontoor Brands from $80.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.00.

About Kontoor Brands

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.